Foreign tax credit


 

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Foreign tax credit

Home country credit against domestic income tax. Received in return for foreign taxes paid on foreign derived earnings.



Foreign tax credit

Similar Matches

Foreign investment risk matrix (FIRM)

Foreign investment risk matrix (FIRM)

Graph that displays financial and political risk by intervals on which countries may be compared according to risk ratings.


Foreign Sales Corporation (FSC)

Foreign Sales Corporation (FSC)

A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods.


Foreign Corrupt Practices Act

Foreign Corrupt Practices Act

U.S. law, enacted 1977, that prohibits U.S. firms from bribing foreign officials to obtain or retain business. The law permits, however, facilitating payments.


Foreign Sales Corporation

Foreign Sales Corporation

Refers to a provision of the U.S. tax code that grants income-tax rebates to American exporters if they form what may be a largely artificial foreign subsidiary called an FSC. This has been the subject of a trade dispute with the EU which complained to the WTO that this constitutes an illegal export subsidy.


Foreign source income

Foreign source income

Income earned from international operations.


Further Suggestions

foreign exchange
Foreign branch
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Foreign Corrupt Practices Act
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Foreign reserves
Direct Foreign Investment
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Foreign exchange risk
Foreign exchange
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Foreign Credit Insurance Association (FCIA)
Net foreign asset position
Foreign bond
Foreign currency forward contract


 
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